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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Provision or Benefit for Income Taxes

The provision for income taxes is comprised of the following:

			2021			2020			2019
Current:
U.S.			$	11		$	(59)		$	(12)
Foreign			614			458			443
Total current			625			399			431
Deferred:
U.S.			(24)			11			(12)
Foreign			157			149			63
Total deferred			133			160			51
Provision for income taxes			$	758		$	559		$	482

Schedule of Geographic Sources of Income (Loss) Before Income Taxes

The geographic sources of income (loss) before income taxes are as follows:

			2021			2020			2019
U.S.			$	(724)		$	(14,288)		$	(693)
Foreign			1,152			(914)			1,446
Income (loss) before income taxes			$	428		$	(15,202)		$	753

Schedule of Difference Between Provision and U.S. Statutory Tax Rate

The provision for income taxes differs from the amount computed by applying the U.S. statutory income tax rate to the loss or income before income taxes for the reasons set forth below for the years ended December 31:

			2021			2020			2019
Income (loss) before income taxes			$	428		$	(15,202)		$	753
Taxes at the U.S. federal statutory income tax rate			90			(3,192)			158
Impact of goodwill impairment			—			3,102			—
Effect of foreign operations			216			148			84
Tax expense (benefit) due to unrecognized tax benefits (1)			201			35			(24)
Tax impact of partnership structure			137			(33)			17
Change in valuation allowances			70			494			241
CARES Act			—			(117)			—
Other - net			44			122			6
Provision for income taxes			$	758		$	559		$	482
Actual income tax rate			177.1		%	(3.7)		%	64.0		%

(1)For December 31, 2021, $119 million of this amount is indemnified under the Tax Matters Agreement with GE.

Schedule of Deferred Tax Assets and Liabilities

The tax effects of our temporary differences and carryforwards are as follows at December 31:

			2021			2020
Deferred tax assets:
Operating loss carryforwards			$	2,255		$	2,249
Tax credit carryforwards			1,183			1,083
Investment in partnership			457			160
Property			156			127
Employee benefits			116			138
Goodwill and other intangibles			97			143
Receivables			72			53
Inventory			61			51
Other			153			264
Total deferred income tax asset			4,550			4,268
Valuation allowances			(3,928)			(3,472)
Total deferred income tax asset after valuation allowance			622			796
Deferred tax liabilities:
Other			(14)			(29)
Total deferred income tax liability			(14)			(29)
Net deferred tax asset			$	608		$	767

Schedule of Changes in Gross Unrecognized Tax Benefits

The following table presents the changes in our gross unrecognized tax benefits included in the consolidated statements of financial position.

Asset / (Liability)			2021			2020
Balance at beginning of year			$	(483)		$	(451)
Additions for tax positions of the current year			(32)			(71)
Additions for tax positions of prior years			(166)			(31)
Reductions for tax positions of prior years			42			35
Settlements with tax authorities			95			12
Lapse of statute of limitations			13			23
Balance at end of year			$	(531)		$	(483)

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure for tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities and other income tax contingencies. Includes, but is not limited to, interest and penalties, reconciliation of unrecognized tax benefits, unrecognized tax benefits that would affect the effective tax rate, tax years that remain subject to examination by tax jurisdictions, and information about positions for which it is reasonably possible that amounts unrecognized will significantly change within 12 months.

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